Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Simmons Bank

Simmons Bank lessened its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 6.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,839 shares of the company’s stock after selling 1,764 shares during the period. Simmons Bank’s holdings in Kimberly-Clark were worth $3,959,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC lifted its stake in shares of Kimberly-Clark by 74.1% during the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock worth $851,000 after purchasing an additional 2,765 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Kimberly-Clark by 65.3% during the 4th quarter. Jones Financial Companies Lllp now owns 13,470 shares of the company’s stock valued at $1,765,000 after buying an additional 5,323 shares during the period. Mission Wealth Management LP purchased a new position in Kimberly-Clark in the 4th quarter worth approximately $210,000. Steward Partners Investment Advisory LLC lifted its position in shares of Kimberly-Clark by 37.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 35,345 shares of the company’s stock worth $4,632,000 after purchasing an additional 9,711 shares in the last quarter. Finally, Exencial Wealth Advisors LLC boosted its stake in shares of Kimberly-Clark by 8.9% in the fourth quarter. Exencial Wealth Advisors LLC now owns 1,614 shares of the company’s stock valued at $211,000 after purchasing an additional 132 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wall Street Zen lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Thursday, April 24th. Piper Sandler cut their target price on Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd. UBS Group upped their price target on shares of Kimberly-Clark from $134.00 to $146.00 and gave the company a “neutral” rating in a report on Thursday, April 17th. Evercore ISI decreased their price objective on shares of Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company lifted their price target on Kimberly-Clark from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Friday, March 28th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $143.50.

Insider Transactions at Kimberly-Clark

In other news, insider Katy Chen sold 1,794 shares of the firm’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $130.74, for a total transaction of $234,547.56. Following the transaction, the insider directly owned 3,098 shares of the company’s stock, valued at approximately $405,032.52. This trade represents a 36.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.64% of the company’s stock.

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $132.53 on Friday. Kimberly-Clark Co. has a 1-year low of $124.10 and a 1-year high of $150.45. The firm has a market capitalization of $43.97 billion, a PE ratio of 17.55, a P/E/G ratio of 4.46 and a beta of 0.35. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The business’s fifty day moving average price is $134.28 and its two-hundred day moving average price is $134.72.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.89 by $0.04. The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. During the same quarter last year, the business earned $2.01 earnings per share. On average, research analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th were paid a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Friday, June 6th. Kimberly-Clark’s payout ratio is currently 68.66%.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.